Heritage Wealth Management Inc. Sells 2,770 Shares of Dollar General Co. (NYSE:DG)

Heritage Wealth Management Inc. trimmed its position in Dollar General Co. (NYSE:DG) by 35.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,114 shares of the company’s stock after selling 2,770 shares during the period. Heritage Wealth Management Inc.’s holdings in Dollar General were worth $388,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of DG. New York State Teachers Retirement System lifted its holdings in shares of Dollar General by 6.7% in the third quarter. New York State Teachers Retirement System now owns 199,976 shares of the company’s stock valued at $16,912,000 after purchasing an additional 12,642 shares in the last quarter. Pinnacle Associates Ltd. lifted its holdings in shares of Dollar General by 3.5% in the third quarter. Pinnacle Associates Ltd. now owns 17,012 shares of the company’s stock valued at $1,439,000 after purchasing an additional 580 shares in the last quarter. Stephens Inc. AR lifted its holdings in shares of Dollar General by 23.6% in the third quarter. Stephens Inc. AR now owns 7,892 shares of the company’s stock valued at $667,000 after purchasing an additional 1,505 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in shares of Dollar General by 6.6% in the third quarter. New York State Common Retirement Fund now owns 333,049 shares of the company’s stock valued at $28,166,000 after purchasing an additional 20,655 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in Dollar General by 36.0% during the third quarter. Janney Montgomery Scott LLC now owns 79,764 shares of the company’s stock worth $6,746,000 after acquiring an additional 21,128 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on DG shares. Bernstein Bank dropped their target price on Dollar General from $98.00 to $94.00 in a report on Friday, November 15th. Bank of America upgraded Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 target price on the stock in a report on Friday, December 6th. Telsey Advisory Group dropped their target price on Dollar General from $103.00 to $90.00 and set a “market perform” rating on the stock in a report on Monday, December 2nd. JPMorgan Chase & Co. dropped their target price on Dollar General from $97.00 to $82.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Finally, Morgan Stanley dropped their target price on Dollar General from $100.00 to $80.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dollar General presently has a consensus rating of “Hold” and an average price target of $96.77.

Insider Buying and Selling

In other Dollar General news, Director Michael M. Calbert sold 6,000 shares of the firm’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total value of $451,620.00. Following the sale, the director now owns 120,322 shares of the company’s stock, valued at approximately $9,056,636.94. This trade represents a 4.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Emily C. Taylor sold 4,740 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $77.44, for a total value of $367,065.60. Following the completion of the sale, the executive vice president now directly owns 15,575 shares in the company, valued at approximately $1,206,128. This represents a 23.33 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by company insiders.

Dollar General Price Performance

Dollar General stock opened at $74.25 on Friday. Dollar General Co. has a 12 month low of $66.43 and a 12 month high of $168.07. The stock’s 50 day moving average is $73.31 and its 200-day moving average is $81.22. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $16.33 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 2.18 and a beta of 0.43.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, December 5th. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.08). The firm had revenue of $10.18 billion during the quarter, compared to analyst estimates of $10.14 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. Dollar General’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.26 EPS. Equities research analysts expect that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend was Tuesday, January 7th. Dollar General’s dividend payout ratio is currently 38.88%.

Dollar General Profile

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.